Venture capital

Egypt’s Sawari Ventures leads $4.5m Series-A round in Almentor.net

Dubai-based elearning platform Almentor.net, which has among its founders an Egyptian, has raised $4.5-million in a Series-A round led by Egyptian venture capital firm…

Egyptian ride-hailing startup Hive that serves children nets $400k from investor

A Cairo-based ride-hailing startup Hive, which focuses on transporting children, has secured a $400 000 investment from an investor who was one of the…

Tunisian esports platform Seemba wins Seedstars Tunis

Tunisian esports platform Seemba has been named the winner of this year’s Seedstars Tunis pitching event. Seemba helps developers monetise their games through an…

Egyptian logistics startup Sprint to use six-figure seed round to expand hubs network

Cairo-based logistics service provider Sprint says it will use its first ever round of funding to expand its hubs networks as well as grow…

Cape Town startup SweepSouth raises over R50m in new funding round

UPDATE (20 December 2019: SweepSouth co-founder Aisha Pandor confirmed with Ventureburn today that the round was in fact valued at over R60-million and included…

Kenyan logistics marketplace Bwala Africa looking to raise up to $8m in Series-A round

Nairobi-based last mile logistics startup Bwala Africa has secured a deal with an undisclosed European tech firm to develop a new tech platform for…

Savca appoints two new board members amid industry growth

The Southern African Venture Capital and Private Equity Association (Savca) has appointed two new directors and reappointed one existing director to its board. Savca…

Silicon Valley VC model doesn’t work in Africa, argues Silvertree Holdings man

The Silicon Valley venture capital (VC) model doesn’t work in Africa and other emerging markets, argues Manuel Koser, the managing director and co-founder of…

SA fintech JUMO secures first two commitments in new funding round

SA fintech JUMO has secured equity funding from French development agency Proparco and Finnish development finance company Finnfund — the first commitments to a new funding round, the startup’s founder Andrew Watkins-Ball…

SA startup Aerobotics secures funding round from Nedbank VC fund [Updated]

Local corporate and investment bank Nedbank has invested an undisclosed amount in Cape Town based aerial data-analytics startup Aerobotics. The bank was the lead…

Here’s how startups that assist African women can tap $250k in funding

Think you startup has the potential to “dramatically improve” the lives of women and girls in Africa? Then you could stand a chance to…

DEMO Ventures reveals five countries its new $100m fund for startups will target

Egypt, Ghana, Kenya, Nigeria and South Africa. These are the five countries that a new $100-million fund — to be launched in October by DEMO Ventures…

US impact investor invests $250k in Ghanaian startup Redbird Health Tech

US impact investor Gray Matters Capital has invested up “to $250 000” in Ghanaian medical diagnostics startup Redbird Health Tech. Gray Matters Capital announced the…

SA web platform Virtual Actuary turns down bid from major insurance firm

Things are hotting up for SA web platform Virtual Actuary, which allows actuaries to collaborate on projects without the need for expensive offices. The startup last week turned…

Weetracker African VC report raises questions on definition of tech startups

Did the first half of 2018 really see African startups net over $168-million in 118 disclosed deals, as a new report claims? The African startups and VC ecosystem report released this…

Y Combinator opens applications for Winter 2019 funding cycle

Looking for up to $120k in investment? US seed accelerator Y Combinator (YC) has opened applications for its winter 2019 funding cycle. Interested startups have until…

Kenyan supply platform Twiga Foods set to secure up to $7m from IFC, TLCom

Kenyan mobile-based B2B distribution platform Twiga Foods is set to secure up to $7-million from the World Bank Group’s International Finance Corporation (IFC) and venture capital firm TLCom…

Five SA angel investors you want to meet

If you’re a startup and you need money the chances are you are going to look to friends and relatives for help. Or you could…

Nigerian logistics startup Kobo360 closes $1.2m seed round

Nigerian logistics startup Kobo360 has raised $1.2-million in a seed round led by US venture capital firm Western Technology Investment. The startup, which was…

VC4A in search for eight high-growth startups to showcase at investor summit

Venture Capital For Africa (VC4A) is calling on disruptive African scale-ups that are looking to raise Series A funding of between $250 000 and $5-million…

Meet Quickloc8: from zero to an MVP demonstrator using R470k TIA grant [Updated]

Correction (12 June 2019): In the initial version of this article we reported that Quickloc8 received a R650 000 grant from the Technology Innovation…

Startups, looking for money? Don’t try Michael Jordaan he’s now fully invested

If you’re looking for funding from venture capitalist and former FNB head Michael Jordaan you are probably too late. Last month in a blog…

Advice from four SA tech entrepreneurs behind biggest deals of 2018 so far [Digital All Stars]

We’re nearly six months into 2018 and already South Africa has seen some big deals and acquisitions in the tech sector. It’s not just Uber Eats’…

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How One Energy Project Could Reshape Climate Action

Microsoft launches new Surface devices in new AI era

Honor Magic V3 launches, four things to know

Honor Magic V3, a Guinness world record attempt

German luxury cars require a rethink for China

Trump wins – Tesla goes beyond $1 Trillion

Vivo update – a big safety gain